By Davide Barbuscia and David Randall NEW YORK (Reuters) – A hawkish message from the Federal Reserve amid a robust stock market rally is presenting investors with a conundrum: how to maintain exposure to rising equities while also guarding against the possible upheavals tighter monetary policy can bring. The central bank left rates unchanged on…
By Costas Pitas LOS ANGELES (Reuters) – Texas Governor Greg Abbott on Wednesday said the first group of migrants bused from his state to Los Angeles had arrived in the California city, the latest move by Republicans opposed to Democratic President Joe Biden’s immigration policies. Los Angeles Mayor Karen Bass, a Democrat, said more than…
By Brad Brooks (Reuters) – The former morgue manager at Harvard Medical School was among five people indicted by a grand jury on Wednesday over allegations they stole and sold body parts from cadavers donated to the school, federal prosecutors said. Cedric Lodge, 55, who was fired from his job on May 6, and the…
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – Options on several U.S.-listed Chinese exchange traded funds have drawn bullish flows in recent days as some traders take advantage of a slump in bullish sentiment on Chinese companies to place contrarian upside bets. The bullish trades occur as investors, who started this year…
(Reuters) – Former President Donald Trump’s 2024 White House campaign said on Wednesday he had raised $7 million since being indicted on federal charges last week, as his message of political persecution continues to resonate with die-hard supporters. “President Trump Raises Over $6.6 Million and Counting Since Deranged Jack Smith Announced Political Prosecution,” Trump’s campaign…
By Andrew Hay (Reuters) – Prosecutors say they have evidence pointing to the possibility the armorer for the movie “Rust” introduced live rounds onto the set where a gun that actor Alec Baldwin was holding fired a bullet, killing cinematographer Halyna Hutchins in 2021. Prosecutors had previously said it might never be clear how live…
By Blake Brittain (Reuters) – A group of 17 music publishers sued Twitter in Nashville, Tennessee, federal court on Wednesday, accusing the company of enabling thousands of copyright violations by allowing users to post music without a license. Twitter drives user engagement with “countless infringing copies of musical compositions,” the lawsuit said. Members of the…
By Kanishka Singh (Reuters) – A Montana man was sentenced on Wednesday to 18 years in prison for firing an assault rifle into a woman’s home and trying to rid a town of LGBTQ residents. John Howald, 46, of Basin, Montana, was convicted of the hate crime by a federal jury in February, the Justice…
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -The Federal Reserve left interest rates unchanged on Wednesday but signaled in new projections that borrowing costs may still need to rise by as much as half of a percentage point by the end of this year, as the U.S. central bank reacted to a stronger-than-expected…
By Noel Randewich and Sruthi Shankar (Reuters) – U.S. stocks ended mixed on Wednesday after the Federal Reserve kept U.S. interest rates unchanged but signaled in new economic projections that borrowing costs will likely rise by another half of a percentage point by the end of this year. Trading was choppy and volume was heavy…
